The last few years have seen the Internet of Things vision grow from a theoretical concept to a major priority for many organizations. As companies integrate IoT devices into their network infrastructures, they\u2019re looking for new ways to use and manage the data they collect.<\/p>\n\n\n\n
Since IoT-enabled devices can connect to a broader network, they can achieve extensive functionality. However, that brings a whole new challenge: securing all that data. An IoT connection – if it\u2019s not properly secured – can have dire consequences.<\/p>\n\n\n\n
In this article on IoT statistics, we\u2019ll cover a wide variety of topics, including examining the latest trends, analyzing forecast figures, and giving IoT devices a definition.<\/p>\n\n\n\n
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(IDC)<\/p>\n\n\n\n
Since the beginnings of this industry, the Internet of Things market has been on an exciting journey. The sector reached $100 billion in market revenue in 2017, and if it follows forecasts, that figure should grow to around $1.6 trillion by 2025.<\/p>\n\n\n\n
However, the growth of IoT statistics show that CAGR fell to 8.2% in 2020 – an almost twice lower increase than the forecasted 14.9% at the end of 2019. Things are expected to return to normal in 2021, with a CAGR of 11.3% during the 2020-2024 period.<\/p>\n\n\n\n
(McKinsey Digital)<\/p>\n\n\n\n
The most-notable changes in this dynamic industry will emerge around new software that allows for IoT connection between devices.<\/p>\n\n\n\n
Hardware still accounts for 30% of the total value of IoT technology, although trends suggest its global market value is decreasing.<\/p>\n\n\n\n
(McKinsey Digital)<\/p>\n\n\n\n
Consumers are more connected than ever. Indeed, smart home statistics show that there are plenty of reasons to get excited about what the future holds for IoT.<\/p>\n\n\n\n
You may have been asking that all-important question: how many IoT devices are there? Well, remember that in 2019, around 127 new devices per second connect to the web. As you\u2019d expect, this astounding stat is led by the more advanced parts of the world, which have widespread internet accessibility.<\/p>\n\n\n\n
(Forbes)<\/p>\n\n\n\n
Thanks to the combination of AI<\/a>, machine learning, and real-time data processes delivered by IoT solutions, the number of cellular IoT devices is set to grow substantially. According to current statistics on IoT devices, the number will surpass 3.5 billion by 2023, with Asia leading the charge.<\/p>\n\n\n\n Indeed, experts predict that North East Asia alone will be home to more than 2.2 billion devices by 2023.<\/p>\n\n\n\n (Forbes, Statista)<\/p>\n\n\n\n IoT forecasts by many experts show that the North American IoT market is set for an extended period of growth, mainly due to smart factories\u2019 development. They are set to revolutionize the manufacturing process and increase productivity substantially.<\/p>\n\n\n\n The potential of smart factories has been reflected in statistics on IoT devices in the United States. These show that, once again, the world\u2019s biggest economy is once again leading the way in this field. Consumer electronics and transportation are the two sectors leading the charge. In 2022, global IoT spending is expected to exceed 1 trillion dollars.<\/p>\n\n\n\n (Gigabit)<\/p>\n\n\n\n It\u2019s no news that many companies have already taken note of IoT devices\u2019 vast potential to add value to their business operations. IoT statistics show that many clothing manufacturers, healthcare providers, and municipalities have already chosen to invest in this technology.<\/p>\n\n\n\n (i-SCOOP)<\/p>\n\n\n\n Considering that IoT is changing not only companies but entire industries and even countries, it comes as no surprise that the industrial expansion of IoT will bring an increase in the number of IoT devices in 2021 and beyond.<\/p>\n\n\n\n (IDC)<\/p>\n\n\n\n IoT big data statistics<\/a> show that, with increased adoption, devices will globally generate exponentially more data in the following years. The numbers will reach 73.1 ZB by 2025, which equals 422% of the 2019 output, when 17.3 ZB of data was produced. To put that in perspective – one zettabyte is 1021 bytes, i.e. one billion terabytes (TB) or one trillion gigabytes (GB).<\/p>\n\n\n\n (i-SCOOP, Comparitech)<\/p>\n\n\n\n The IoT market size is growing at a particularly satisfying rate in the healthcare industry. This makes sense; introducing remote monitoring and telemonitoring can significantly improve healthcare services\u2019 quality and speed.<\/p>\n\n\n\n IoT is also valuable for creating monitoring hardware and applications that can significantly improve the way patients keep track of their health. IoT healthcare statistics are yet to reflect these benefits as the technology itself is still relatively new.<\/p>\n\n\n\n (Market Watch, Deloitte)<\/p>\n\n\n\n According to the most recent IoT healthcare devices statistics, the CAGR of IoT in the healthcare industry is estimated to be 28.6% during 2021. The growth is almost a third higher than in 2015, when the industry was worth $14.28 billion. These IoT facts and metrics are driven by an increase in demand, the broader use of cloud platforms, and a rise in the number of mobile apps.<\/p>\n\n\n\n (Forbes)<\/p>\n\n\n\n Even though these IoT healthcare device statistics sound encouraging and the healthcare industry will surely benefit from the proliferation of IoT technology, the sheer amount of data generated every day could cause problems.<\/p>\n\n\n\n In an IoT-powered industry, the volume of medical data doubles every 73 days on average. That means implementing IoT security measures and finding appropriate storage solutions will soon become a top priority.<\/p>\n\n\n\n (Grand View Research)<\/p>\n\n\n\n With the IoT market size rapidly expanding amid an increasing need for real-time data monitoring, the IoT healthcare industry is expected to grow at a CAGR of 19.9% over the next five years.<\/p>\n\n\n\n (Allure Group)<\/p>\n\n\n\n Early IoT investments have proven to be fruitful. Brooklyn-based nursing facility Allure was one of the first to introduce EarlySense, technology that tracks vital signs and movements thanks to sensors placed under mattresses and pillows.<\/p>\n\n\n\n Six months later, the clinic\u2019s IoT in healthcare statistics showed incredible results. There was a 45% decrease in patient falls, a 60% reduction in bedsores, and an 80% decrease in code blue events.<\/p>\n\n\n\n (Pharma Times)<\/p>\n\n\n\n There was a massive increase in the number of IoT-connected devices in 2020, and this might be one of the best ones to arrive on the scene. The FreeStyle Libre smart CGM sends diabetes patients\u2019 data to an app on iPhone, Android, or Apple Watch devices<\/a>. This makes the monitoring of glucose levels much more efficient.<\/p>\n\n\n\n In addition, the FreeStyle Libre smart CGM allows remote monitoring by caregivers, just as statistics and predictions on IoT predicted several years ago. These devices can be used not only among seniors but diabetic children\u2019s parents also, who couldn\u2019t otherwise be able to continuously monitor their children\u2019s glucose levels.<\/p>\n\n\n\n (CoaguChek)<\/p>\n\n\n\n When we looked into statistics for IoT healthcare, we noticed that this device was the first of its kind that allowed patients to monitor how quickly their blood clots. This knowledge gives them a better chance of fighting the risk of stroke or bleeding out.<\/p>\n\n\n\n Patients on anticoagulant therapies can use the device to self-test their blood and send it to their healthcare providers, thus reducing the number of times they visit the clinic. Moreover, this device allows both parties to add comments on recent results and reminds the patient to test themselves. It also flags results in relation to previously set targets.<\/p>\n\n\n\n (9To5Mac)<\/p>\n\n\n\n Usually, symptoms are monitored by a physician via diagnostic tests. To help this process along, patients are encouraged to keep a diary of their symptoms.<\/p>\n\n\n\n This API automates the process and provides a continuous stream of results. The Apple Watch monitors daily, hourly, and even minute-by-minute breakdowns of symptom fluctuation and presents them in a graph that gets sent out to designated caregivers. IoT medical devices statistics show that this technology has had incredible results with arthritis and epilepsy patients, too.<\/p>\n\n\n\n (Forbes)<\/p>\n\n\n\n As the IoT market grows, so does the importance of securing and integrating IoT networks. From $91 million in 2016, annual global spending on security measures for IoT networks is set to jump to $631 million in 2021, with a CAGR of 21.38%. Technology growth statistics assure us that IoT solutions are headed for a massive boom within the next decade.<\/p>\n\n\n\n (Paloalto Networks)<\/p>\n\n\n\nSmart factories in North America are expected to be worth more than $500 billion in 2022.<\/h5>\n\n\n\n
Companies could invest a total of up to $15 trillion in IoT by 2025.<\/h5>\n\n\n\n
The industrial IoT market size is expected to reach $123.89 billion in 2021.<\/h5>\n\n\n\n
If IoT growth statistics prove to be accurate, this industry will surely shake up the foundations of industrial production around the globe. For instance, IoT devices can change the way heavy machinery and monitoring devices communicate with each other, which can drastically improve efficiency.<\/p>\n\n\n\nThe amount of data generated by IoT devices is expected to reach 73.1 ZB (zettabytes) by 2025.<\/h5>\n\n\n\n
Healthcare IoT Statistics<\/h3>\n\n\n\n
86% of healthcare organizations were using IoT technology in some way in 2019.<\/h5>\n\n\n\n
The global IoT healthcare market is expected to be worth $158.1 billion in 2022.<\/h5>\n\n\n\n
Forbes estimates 646 million IoT devices were used in hospitals, clinics, and medical offices in 2020.<\/h5>\n\n\n\n
According to Grand View Research, the size of the global IoT healthcare market is expected to reach $534.3 billion by 2025.<\/h5>\n\n\n\n
In July 2017, Allure became the first skilled nursing facility to implement EarlySense, a remote monitoring system that tracks patients\u2019 vital signs.<\/h5>\n\n\n\n
The introduction of the FreeStyle Libre smart CGM available on prescription increased the percentage of diabetes patients with access to CGM devices from 3-5% to 20-25%.<\/h5>\n\n\n\n
In 2016, Roche released its Bluetooth- and IoT-enabled coagulation system, which lets patients check how quickly their blood clots.<\/h5>\n\n\n\n
In 2018, Apple launched a new \u2018Movement Disorder API\u2019 IoT device, which allows Apple Watches to monitor Parkinson\u2019s Disease symptoms.<\/h5>\n\n\n\n
The Security of IoT Devices<\/h3>\n\n\n\n
Annual spending on IoT security measures will increase to $631 million in 2021.<\/h5>\n\n\n\n
83% of medical imaging devices use unsupported operating systems.<\/h5>\n\n\n\n